WestLB loses traders in NY

FRONT PAGE NEWS

NEW YORK -- German bank Westdeutsche Landesbank is seeking cover for its forex trading team in New York, after two spot traders left the bank in mid-March.

John Munley and John Callaghan followed head of FX James Bovery, who left the bank a month ago.

WestLB officials would not comment on the remaining spot FX presence at the bank in New York, although one recruitment source in London suggested Munley and Callaghan were the last two spot traders at WestLB in the city, following a gradual

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